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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

What we can learn from Coricraft’s furniture manufacturing localisation drive

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South African manufacturing is in dire need of revitalised localisation. Statistics South Africa has recorded a steady decline for years, with the slide reaching 1.5% year-on-year in August, up from a 0.7% decrease in July – reflecting a loss of more than 500 000 jobs since 2014 and a shrinkage of about 5% in economic value since the fourth quarter of 2019. This decline is evident in job losses – particularly in sectors such as textiles and clothing manufacturing – and the value of manufacturing output, which remains weak, owing to factors such as low domestic and export demand, as well as logistical challenges.

Ramaphosa reiterates government’s shift from consumption to investment

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President Cyril Ramaphosa has reiterated government’s strategic shift in government spending during his address at the 2025 National Construction Summit in Ekurhuleni, on November 13, promising the prioritisation of long-term investment over consumptive social spending and subsidies. “We are shifting the composition of spending from consumption to investment. Capital payments are the fastest-growing expenditure item on our national Budget. They are expected to increase to about 7.5% over the medium term,” Ramaphosa said.

Norfund makes major investment in South African renewable-energy company

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The Norwegian investment fund for developing countries, Norfund, has invested $75-million (more than R1-billion) in South African independent power producer (IPP) and renewable-energy (solar, wind and battery storage) developer Mulilo, the latter has announced. This investment was managed through Norfund’s Climate Investment Fund. Since 2023, Mulilo’s majority shareholder has been Danish group Copenhagen Investment Partners (CIP). The latter invested in Mulilo through its New Markets Fund I.

Cesa urges coordinated action to translate infrastructure commitment into projects

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Consulting Engineers South Africa (Cesa) has welcomed the commitment to infrastructure development as outlined in the Medium-Term Budget Policy Statement. However, CEO Chris Campbell says coordinated action is now needed to translate the commitment into functioning, sustainable infrastructure. Finance Minister Enoch Godongwana dedicated a large section of his MTBPS address on November 12 to infrastructure, indicating that government’s goal was to ensure that public sector investment in infrastructure exceeded R1-trillion over the next three years.
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